Tracking closely the highs in Palladium

Here we can see the market is trading within a large 5 wave cycle. So far the 4th wave has an incomplete ABC corrective sequence with a pending C swing to complete. Highly recommend all those tracking Fed this week to keep an eye here as the bid expires it's time to look for a material high.

This thesis implies the natural target in this C swing is 1220.xx ...with that said as soon as we start to see the lows of A being taken we are going to see sharp money outguessing the bottom.

Best of luck all those trading Palladium over the coming sessions.

تعليق:

A good time for a quick chart update here with commodities looking very soft and risk creeping back into the picture